ISDX welcomes LeniGas Cuba to market
02 November 2015
London – 02 November, 2015 – ICAP Securities & Derivatives Exchange (ISDX), a regulated UK based stock exchange owned by the ICAP Group, is pleased to announce that LeniGas Cuba has been admitted for trading on the ISDX Growth Market. The company will begin trading today.
LeniGas Cuba (Ticker: CUBA), headed by David Lenigas, is the world’s first public listed company purely dedicated to investments relating directly to Cuba. The company currently has investments in the tourism and energy sectors and is also targeting opportunities in the agribusiness, commercial and manufacturing sectors. The company is a member of the Caribbean Council and the Cuba Initiative.
ISDX is a regulated London based stock exchange providing UK and international companies with access to European capital through a range of listed and growth markets.
David Lenigas, Executive Chairman of LeniGas Cuba, commented: “The process of normalising relations between the US and Cuba is a historical event which has produced a large number of exciting opportunities to invest in the Cuban economy, and LeniGas Cuba is seeking to capitalise on these. We have completed our fundraising and have chosen to use the ISDX platform in the UK because of its traditional and customer-centric approach that resonates with both companies and investors alike. We look forward to working with the ISDX team as a publicly traded company and delivering a positive return for our investors as we grow the business into a multi-strategy investment company.”
Michael Spencer, Group Chief Executive Officer of ICAP, said: “We are pleased to welcome LeniGas Cuba to ISDX – they join a growing number of companies who are choosing to work with us. ISDX is developing an offering that provides companies and investors with a service that supports their needs and as a result ISDX is growing to become an increasingly important exchange. We look forward to working with LeniGas Cuba and welcoming more new companies to our market.”
About ICAP Securities & Derivatives Exchange
ICAP Securities & Derivatives Exchange (“ISDX”) is a London-based market providing UK and international companies with access to capital through its listed and growth markets. The ISDX Growth Market is a venue for small and medium sized companies seeking to raise growth capital, to achieve an independent market valuation and to enhance their corporate profile as they grow.
ISDX is a Recognised Investment Exchange (RIE) under the Financial Services & Markets Act 2000, a Recognised Stock Exchange under the Income Tax Act 2007 and a member of the ICAP Group.
For more information go to www.isdx.com.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.